A straight-line demand curve has which of the following properties?
A) Constant slope and varying price elasticity.
B) Constant income elasticity with varying slope.
C) Varying slope and varying supply elasticity.
D) Constant slope and constant price elasticity.
E) None of the above may be asserted in general.
A straight-line demand curve has a constant slope (dP/dQ) = constant, where dP=change in Price and dQ=change in ...
The solution answers the question(s) below.